Suzanne Ennis - Hut 8 Vice Development

HUT Stock  CAD 36.24  3.44  10.49%   

Executive

Suzanne Ennis is Vice Development of Hut 8 Mining
Address 1101 Brickell Avenue, Miami, FL, United States, 33131
Phone305 224 6427
Webhttps://hut8.com

Hut 8 Management Efficiency

The company has return on total asset (ROA) of (0.0323) % which means that it has lost $0.0323 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (1.1413) %, meaning that it generated substantial loss on money invested by shareholders. Hut 8's management efficiency ratios could be used to measure how well Hut 8 manages its routine affairs as well as how well it operates its assets and liabilities. At this time, Hut 8's Return On Tangible Assets are very stable compared to the past year. As of the 23rd of November 2024, Return On Assets is likely to grow to 0.02, while Return On Capital Employed is likely to drop (0.02). At this time, Hut 8's Intangibles To Total Assets are very stable compared to the past year. As of the 23rd of November 2024, Return On Assets is likely to grow to 0.02, while Total Current Assets are likely to drop about 79.9 M.
Hut 8 Mining has accumulated 268.75 M in total debt with debt to equity ratio (D/E) of 0.1, which may suggest the company is not taking enough advantage from borrowing. Hut 8 Mining has a current ratio of 10.4, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Hut 8 until it has trouble settling it off, either with new capital or with free cash flow. So, Hut 8's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Hut 8 Mining sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Hut to invest in growth at high rates of return. When we think about Hut 8's use of debt, we should always consider it together with cash and equity.

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Hut 8 Mining Corp. operates as a cryptocurrency mining company in North America. Hut 8 Mining Corp. was incorporated in 2011 and is headquartered in Toronto, Canada. HUT 8 operates under Capital Markets classification in Canada and is traded on Toronto Stock Exchange. It employs 43 people. Hut 8 Mining (HUT) is traded on Toronto Exchange in Canada and employs 219 people.

Management Performance

Hut 8 Mining Leadership Team

Elected by the shareholders, the Hut 8's board of directors comprises two types of representatives: Hut 8 inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hut. The board's role is to monitor Hut 8's management team and ensure that shareholders' interests are well served. Hut 8's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Hut 8's outside directors are responsible for providing unbiased perspectives on the board's policies.
Victor Semah, Chief Officer
Matthew Prusak, Chief Officer
Viktoriya Griffin, Co Sec
CPA CMA, Chief Officer
Asher Genoot, President CoFounder
Josh Rayner, VP Sales
Jaime Leverton, Chief Director
Shane Downey, Chief Officer
Michael Ho, Chief CoFounder
Aniss Amdiss, Chief Secretary
Sean Glennan, Chief Officer
James Beer, Senior Operations
Erin Dermer, Senior Culture
Victor JD, Chief Officer
Sue Ennis, VP Devel
Suzanne Ennis, Vice Development

Hut Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Hut 8 a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Hut 8

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Hut 8 position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Hut 8 will appreciate offsetting losses from the drop in the long position's value.

Moving together with Hut Stock

  0.91RBA Ritchie Bros AuctioneersPairCorr

Moving against Hut Stock

  0.62PNC-B Postmedia Network CanadaPairCorr
The ability to find closely correlated positions to Hut 8 could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hut 8 when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hut 8 - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hut 8 Mining to buy it.
The correlation of Hut 8 is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Hut 8 moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Hut 8 Mining moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Hut 8 can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching

Other Information on Investing in Hut Stock

Hut 8 financial ratios help investors to determine whether Hut Stock is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Hut with respect to the benefits of owning Hut 8 security.